246 East 48th Street is a truly unique property. This Turtle Bay gem is a four-unit, four-story walk-up building containing three one-bedroom units and one two-bedroom flexible unit. Situated just one building away from the corner of a very quiet block… This property affords any inhabitant the ability to be steps away from the local restaurants, cafes, grocery stores, and transportation while providing a sun-filled tranquil oasis. It is currently only owner-occupied and used as a single family residence. All apartments are free market and vacant. Bedrooms: All bedrooms accommodate a king-sized bed and get great light. Great Rooms: All great rooms boast over 320 square feet of usable space. Balconies: All apartments have over 390 square feet of private south-facing outdoor space. Roof Deck: Usable as is or can take advantage of available additional FAR. The new owner of this property will have true almost turn-key flexibility in usage of the building/townhome. Building Dimensions: 19 x 45 Stories: 4 Current Square Footage: 4,473 Additional Allowable FAR: 7,500 Unused FAR: 3,000 Main Floor Apartment: Examples Convert to a single family townhome: Structure will easily accommodate the buildout of an elevator. Live-in w/ rental income: Occupy the main floor with an expansive 700 square foot south-facing private garden for your enjoyment while renting the three other apartments. All of which boasts their own large south-facing balcony and bedrooms that accommodate a king-sized bed. Pure rental cash-flow: Rent all 4 apartments -Whole property to be delivered vacant.
Property Details
Property Features
Property Information:
Architectural Style: Walk-Up
Year Built: 1970
Living Area: 4,473 SqFt
Listing Office:
Office Name: Elegran LLC
Office Phone: (212) 729-5712
Listing Agent: Julio Garcia
Agent Phone: (646) 283-1420
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 6
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Exterior: Balcony, Building Roof Deck
Price Information
Listing Price Info
Price Summary:
List Price: $5,495,000
Price Per SqFt: $1,228/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New York, NY.
Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 11/8/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$27.4K
Per Month
Principal & Interest
$27.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$16.5K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
P.S. 59 Beekman Hill International School
231 E 56th St # 249
Distance between this listing and this school0.44 miles
Public District Grades KG-5
9
/10
The River School
425 E 35th St
Distance between this listing and this school0.65 miles
Public District Grades PK-4
7
/10
P.S. 116 Mary Lindley Murray School
210 E 33rd St
Distance between this listing and this school0.75 miles
Public District Grades KG-5
Nearby Schools
5
/10
Hunters Point Community Middle School
150 51st Ave
Distance between this listing and this school0.94 miles
Public District Grades 6-8
7
/10
Ella Baker School
317 E 67th St
Distance between this listing and this school0.98 miles
Public District Grades PK-8
4
/10
The 47 American Sign Language and English Lower School
223 E 23rd St
Distance between this listing and this school1.22 miles
Public District Grades PK-8
Nearby Schools
6
/10
Art and Design High School
231 E 56th St # 249
Distance between this listing and this school0.44 miles
Public District Grades 9-12
4
/10
Jacqueline Kennedy-Onassis High School
120 W 46th St
Distance between this listing and this school0.74 miles
Public District Grades 9-12
5
/10
Murray Hill Academy
111 E 33rd St
Distance between this listing and this school0.76 miles
The neighbors living near this home have an average income of $75,503. Most New York, NY residents have annual incomes less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 246 E 48th Street Building
What is the listing price of this property?
The listing price of 246 E 48th Street Building property is $5,495,000.
What type of property is this?
The property 246 E 48th Street Building is a townhouse located in New York City, New York, 10017.
Is this property for sale now?
Active Listing: 246 E 48th Street Building is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 246 E 48th Street Building has 6 bedrooms and 6 bathrooms.
What is the square footage of this property?
The property 246 E 48th Street Building is 4,473 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 246 E 48th Street Building is 1970.
Interested in 246 E 48th Street Building? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 246 E 48th Street Building in New York City, NY and zip code 10017 in the Turtle Bay neighborhood. This 4,473 square foot home was built in 1970. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 17, 2021 and is currently priced at $5,495,000.
Over 269 listings were sold over their listed price in October 2024 in New York, NY. In the same period over 833 listings were sold below the listed price and 850 listings were sold for the listed price. The number of homes for sale in New York, NY increased by 1.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $856,124, while the average time on the real estate market was 84 days.
From Rocket Homes Real Estate and based on county public records data.